Conifer Holdings, Inc. - Common Stock (CNFR)

The future of Peraso Inc. (NASDAQ: PRSO), a leading innovator in mmWave wireless technology, is drawing heightened market attention this week as the company secures new orders, strengthens its balance sheet, and faces an unsolicited hostile takeover attempt from Mobix Labs, Inc. (NASDAQ: MOBX).

Acquisition is Bishop Street’s First Entry into the Commercial P&C MGA Market

AM Best has affirmed the Financial Strength Rating of B+ (Good) and the Long-Term ICRs of “bbb-” (Good) of Conifer Insurance Company (CIC) and White Pine Insurance Company (White Pine), subsidiaries of Conifer Holdings, Inc. (CHI) [NASDAQ: CNFR], a publicly traded property/casualty insurance holding company. Concurrently, AM Best has affirmed the Long-Term ICR of “bb-” (Fair) of CHI. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Troy, MI. Collectively, these companies are referred to as Conifer Insurance Group (Conifer).

AM Best has downgraded the Long-Term Issuer Credit Rating (Long-Term ICR) to “bb-” (Fair) from “bb” (Fair) of Conifer Holdings, Inc. (CHI) [NASDAQ: CNFR]. Concurrently, AM Best has downgraded the Financial Strength Rating to B+ (Good) from B++ (Good) and the Long-Term ICR to “bbb-” (Good) from “bbb” (Good) of Conifer Insurance Company (CIC) and White Pine Insurance Company (White Pine). CIC and White Pine are subsidiaries of CHI, a publicly traded property/casualty insurance holding company. The outlook of these Credit Ratings (ratings) is stable. All companies are domiciled in Birmingham, MI. Collectively, these companies are referred to as Conifer Insurance Group (the group or Conifer).